Berita Arkib

Imports meet 50% of India’s edible oil demand, and over 55% of these imports is palm-oil, making India the world’s largest importer of palm oil. This also makes India vulnerable to price fluctuations, as evident from prices jumping by 60% between June 2020 and June 2021, leading to edible-oil inflation of 32.5% in July 2021

Food prices have reached their highest level in a decade as the coronavirus continues to wreak havoc on businesses left reeling from a labor shortage and issues within the supply chain.

Higher demand from China, India and the European Union (EU) pushed up the crude palm oil (CPO) exports in September 2021 by 36.8 per cent month on month (m-o-m) to 1.60 million metric tonnes (MT) from 1.17 million MT in the previous month.

he ringgit strengthened further against the US dollar at the close today for the fourth consecutive day on optimism surrounding the market, dealers said.

Chicago soybean futures rose on Wednesday from a 10-month low hit in the previous session, aided by hopes of increased Chinese purchases, although forecasts of ample global supplies limited gains

Malaysian palm oil futures ended lower on Monday, weighed down by weaker exports in October so far, but Malaysian Palm Oil Board (MPOB) data showing tightening supply helped limit losses.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued its downward trend to close easier on Tuesday on lower export data, a dealer said.

A Pakatan Harapan MP has called for Putrajaya to do away with any form of windfall tax if it wants Malaysia to become among the centres of commerce and industry in the world.

Malaysian palm oil futures fell more than 1% on Tuesday, declining for a second session as a slump in early October exports outweighed support from tightening inventories

Palm oil may extend its gains into 5,032-5,048 ringgit per tonne, as it has broken a key resistance at 4,909 ringgit.

The government has given the flexibility to operate during the Movement Control Order (MCO) and related phases to several groups in the rubber sector as long as they comply with the standard operating procedures (SOPs).

Malaysia's end-September palm oil end-stocks fell 6.99% from the previous month to 1.75 million tonnes, data from industry regulator Malaysian Palm Oil Board (MPOB) showed on Monday.